Im having a really hard time understanding this problem and the calculations. Can someone explain how to get the numbers step by step. I appreciate it. Please zoom in if needed.

Manufacturing costs for Davenport Company during 2018 were as follows: $ 26,100 37,500 112,300 $ 277,300 Beginning Pinished Coods, 1/1/18 Beginning Raw Materiale, 1/1/13 Beginning work in process, 1/1/18 Direct Labor for 2018 Ending Finished Goods, 12/31/18 Ending Raw Materials, 12/31/18 Ending Work in Process, 12/31/18 Material Purchases for 2018 (including $25,000 of indirect material) 24,400 41,250 122,600 306,200 Note: The pre determined overhead rate is 0.95 (95%) of direct labor cost. Required: 1. Prepare a Cost of Goods Manufactured report. 2. Prepare a Partial Income Statement if sales revenue was $1,450,000 and operating expenses were $310,000 for 2018. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a Cost of Goods Manufactured report. DAVENPORT COMPANY Cost of Goods Manufactured Report For the Year 2018 Beginning Raw Materials Inventory 37,500 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a Cost of Goods Manufactured report. $ 37,500 305.200 25,000 41.250 DAVENPORT COMPANY Cost of Goods Manufactured Report For the Year 2018 Beginning Raw Materials Inventory Plus: Raw Material Purchases Less: Indirect Material Used Less: Ending Raw Materials Inventory Direct Materials used in Production Direct Labor Applied Manufacturing Overhead "*" Tolal Current Manufacturing Costs Plus: Beginning Work in Process Inventory Less: Ending Work in Process Inventory Cost of Goods Manufactured $ $ 277,450 277,300 263,435 818,185 112,300 122,600 807,885 $ Required: 1. Prepare a Cost of Goods Manufactured report. 2. Prepare a Partial Income Statement if sales revenue was $1,450,000 and operating expenses were $310,000 for 2018. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a Partial Income Statement if sales revenue was $1,450,000 and operating expenses were $310,000 for 2018. DAVENPORT COMPANY Income Statement For the Year 2018 $ 1,450,000 Sales Revenue Less: Cost of Goods Sold Beginning Finished Goods Inventory Plus: Costs of Goods Manufactured Cost of Goods Available for Sale Less: Ending Finished Goods Inventory Cost of Goods Sold Gross Profit Less: Operating (Period) Expenses Net Income from Operations 26,100 807,885 833,985 24,400 809,585 640,415 310,000 330,415 $